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Pep Boys Gives Bridgestone Three Days to Top Icahn's Offer

2015-12-09 16:51:33| Auto Parts - Topix.net

Pep Boys gave Bridgestone Corp. three days to top Carl Icahn's $863 million takeover offer, saying its board had determined that the billionaire investor's bid is superior to their earlier agreement. Bridgestone was notified of the board's plan to change its recommendation and terminate their agreement on Tuesday, the Philadelphia-based company said Wednesday in a statement.

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